Designed to help manufacturers build their future
From supply-chain disruptions and equipment breakdowns to product liability and cyber threats, manufacturers face an increasingly challenging business environment. We take the time to understand all facets of your manufacturing business to identify these risks and deliver tailor-made insurance solutions.
CUSTOM MADE SOLUTIONS
Managing all the moving parts
Today’s manufacturers must navigate operational, financial, and regulatory challenges that can affect productivity, profitability, and reputation. We assess how your risks are shaped by your industry, production processes, supply chain, customer requirements, and broader business environment.
Supported by leading Canadian and global insurance markets, our advisors build tailored insurance and risk-management programs designed to protect your operations and strengthen long-term resilience.
- Supply-chain disruptions
- Product liability and recalls
- Equipment breakdown and production interruption
- Cyber and operational technology risks
- Workplace health and safety
- Environmental liability
- Cross-border and contractual exposures
PARTNERS YOU CAN TRUST
Decades of diverse manufacturing experience
For decades, Navacord has supported manufacturers across Canada and around the world. Through relationships with industry associations, insurers, risk engineers, and manufacturing leaders, we stay informed about emerging risks and evolving market conditions.
Insurance is only one part of a broader risk-management strategy. We help manufacturers uncover vulnerabilities, prevent losses, manage claim costs, and protect what they have built while creating a foundation for sustainable growth.
Who we help
Our in-house specialists deliver tailored solutions that address the specific risks and exposures manufacturers encounter. From small-scale operations to large manufacturing plants, we have the experience and knowledge needed to protect your business.
Protection for the complex liability, regulatory, and operational risks associated with this highly specialized sector.
Coverage for manufacturers facing product liability, equipment breakdown, supply chain, and operational risks.
Solutions that help protect production and distribution operations from spoilage, contamination, recall, and equipment-related exposures.
Coverage designed to address equipment damage, workplace safety exposures, liability risks, and business interruptions.
Protection against property damage, equipment failures, workplace safety risks, and product liability claims.
Covering your business now and down the line
At Navacord, we know what it takes to back your manufacturing business with the right insurance solutions to reduce your industry’s most common risks, including:
Workplace safety
Strong safety programs help reduce losses, improve employee wellbeing, and support long-term business performance.
- Cybersecurity
Cybersecurity
Manufacturers are increasingly vulnerable to cyberattacks, ransomware events, operational technology disruptions, and data breaches.
Property damage
Facilities, inventory, equipment, and production assets are critical to ongoing operations and should be adequately protected.
- Equipment breakdown
Equipment breakdown
Unexpected failures of key machinery can result in costly downtime and lost production.
- Business interruptions
Business interruptions
Disruptions caused by property losses, supply chain challenges, or other unexpected events can create significant financial consequences.
Product liability and recalls
Defective products can lead to financial losses, reputational damage, regulatory scrutiny, and legal claims.
Liability claims
Protect against third-party claims related to directors and officers, errors and omissions, employment practices, and environmental impairment.
Environmental exposure
Manufacturers face evolving environmental obligations and potential liabilities related to pollution, contamination, and remediation.
Combustible dust
Many manufacturing operations involving wood, food products, agricultural materials, metals, and plastics face combustible dust exposures that can significantly impact safety and insurability.
OPTIMAL COVERAGE FOR YOUR OPERATIONS
Essential coverages for manufacturing companies
Our specialized manufacturing insurance solutions are designed to provide comprehensive coverage and peace of mind, allowing you to focus on producing high-quality products while driving innovation.
- Commercial property
Commercial property
Protects physical assets, including buildings, machinery, inventory, and other property, against insured damage or loss.
- Commercial general liability (CGL)
Commercial general liability (CGL)
Helps cover third-party bodily injury, property damage, and related legal expenses arising from your premises, products, or operations.
Manufacturers errors and omissions
Addresses third-party financial losses that may result from manufacturing errors, faulty workmanship, or defective product design and that may not be covered under a standard CGL policy.
- Business interruption
Business interruption
Helps replace lost income and cover additional expenses when an insured event forces your business to temporarily stop or reduce operations.
Product recall
Can help cover eligible recall expenses, including notification, media communications, additional payroll, temporary staffing, and crisis management.
- Equipment breakdown
Equipment breakdown
Can cover the repair or replacement of machinery and equipment following certain sudden and accidental breakdowns.
- Cyber liability
Cyber liability
Helps your business respond to and recover from cyber incidents, including certain data recovery, notification, business interruption, and crisis management expenses.
- Trade credit
Trade credit
Helps protect cash flow when customers fail to pay invoices due to covered insolvency, bankruptcy, or prolonged default.
- Directors and officers liability
Directors and officers liability
Can help cover defence costs, settlements, and judgments arising from covered allegations against directors and officers in their corporate roles.
Learn from our manufacturing insurance experts
“The most successful manufacturers view insurance as only one component of a broader risk management strategy. Our role is to help clients identify vulnerabilities across their operations, supply chain, balance sheet, and contractual relationships, then develop solutions that support long-term resilience and growth.”
FAQs for manufacturing
If your business manufactures, imports, assembles, distributes, or sells products, you face risks throughout the production and supply chain process. Manufacturing insurance helps protect your operations, assets, employees, customers, and financial performance from a broad range of industry exposures.
Manufacturing insurance combines multiple coverages designed to address risks such as property damage, equipment breakdown, cyberattacks, business interruption, product liability, product recalls, environmental liabilities, employment-related claims, and directors’ and officers’ exposures.
The cost of manufacturing insurance depends on factors such as your industry segment, products manufactured, annual revenue, payroll, property values, operational complexity, claims history, and risk management practices. Our specialists will work with you to design a customized solution tailored to your operations.
Every business has different needs, but manufacturers commonly purchase property insurance, liability insurance, business interruption coverage, cyber insurance, equipment breakdown insurance, and product recall coverage. Many manufacturers also choose trade credit insurance to protect accounts receivable and support growth.
Product recall costs can be significant and may include customer notifications, product removal, disposal, replacement costs, crisis management expenses, and reputational recovery efforts. Product recall insurance helps businesses respond to these events effectively.
Trade credit insurance protects manufacturers when customers fail to pay invoices due to insolvency, bankruptcy, or prolonged default. It helps protect cash flow while supporting lending arrangements and business expansion.
